definition of pro rata
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Pro rata More specifically, pro rata means: 1  In proportionality to some factor that can be exactly calculated. 2  To count based on amount of time that has passed out of the total time. 3  Proportional Ratio.
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Glossary of Terms Pro Se – Acting on one’s own behalf without a lawyer. Probate – Literally means “to prove” that a document is a decedent’s Last Will and Testament. Probate also may refer to the general process of opening and administering an estate after the death of a decedent. Probate assets – Assets owned by a decedent that are in his or her sole name.
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- pro per. adj. short for propria persona, which is Latin for for oneself, usually applied to a person who represents himself/herself in a lawsuit rather than have an attorney. (See: in pro per, in propria persona, propria persona)
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- being violent. Violence is a label given by the definition of hurting something (essentially); however, to a psychopath violence is not an emotional act and isn't triggered, it is more like an instinct something carried out internally, but because being human has the benefits of understanding.
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pro forma (proʊ ˈfɔr mə) adj. 1. done as a matter of form or for the sake of form: a pro forma apology. 2. Also, pro•for′ma. provided in advance of shipment and merely showing the description and quantity of goods shipped without terms of payment: a pro forma invoice. [1565–75; < Latin]
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- If there is money left over after priority debts are paid in full, it will be distributed pro rata to the nonpriority creditors. Example 1. John filed Chapter 7 bankruptcy. He owes $30,000 in back child support and $40,000 in credit card debt.
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pro Pro is defined as on the yes side. An example of pro used as an adverb is in the phrase pro healthy eating, which means in favor of healthy eating. The definition of a pro is a professional, or the yes side of a debate question. An example of a pro is a Major League Baseball player. An example of a pro is the side of the argument that disagrees with those who hold the con position.
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What is 'Pro-Rata' DEFINITION of 'Pro-Rata'. Used to describe a proportionate allocation. A method of assigning an amount to a fraction, according to its share of the whole.
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- The Australian Pro Bono Centre's definition of “pro bono”, which comes from the Latin phrase “pro bono publico,” meaning “for the public good”. The Australian Pro Bono Centre's definition of “pro bono”, which comes from the Latin phrase “pro bono publico,” meaning “for the public good”. Links to Legal Help Links to Legal Help
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Pro Forma Definition - What does Pro Forma mean? A pro forma, in the context of the purchase and sale of a business, refers to a projected financial metric over a specific historical period that incorporates specific events or catalysts throughout the period. Usually, a pro forma is calculated for revenue and/or EBITDA and often relates to the trailing 12 months.
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What does Pro-Rata mean? Report Abuse. Pro-Rata basically means at that rate of salary. For example, if they offered you the job at £20,000/ Pro-Rata, but you were only working half the time in a week (20 Hours), then you would only get the equivalent of £10,000 a year.They use it as another term for part-time.ro-Rata basically means at that rate of salary. For example, if they offered you the job at £20,000/ Pro-Rata, but you were only working half the time in a week (20 Hours), then you would only get the equivalent of £10,000 a year.
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It is performa or proforma? Pro forma. The term pro forma (Latin for as a matter of form or for the sake of form) is most often used to describe a practice or document that is provided as a courtesy or satisfies minimum requirements, conforms to a norm or doctrine, tends to be performed perfunctorily or is considered a formality.
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pro rata pro rata. Used to refer to something on a proportional basis. For example, in a rights offering, rights are distributed to stockholders on the basis of the number of shares already held by each stockholder. Thus, the pro rata distribution enables the stockholders to purchase new shares in proportion to the old shares they already own. pro rata.
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Cancellation (insurance) Cancellation (insurance) (Redirected from Pro rata cancellation) An insurance policy may be canceled before the end of the policy period. This has the effect of ending the policy coverage on the date of the policy cancellation.
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- Pro Forma is a Latin term that means for the sake of form.. It's a term mostly used in accounting, for financial statements prepared by accountants.So why would anyone do anything for the sake ...ro Forma is a Latin term that means for the sake of form.. It's a term mostly used in accounting, for financial statements prepared by accountants.
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Pro forma A pro forma invoice is the same as a commercial invoice which, when used in international trade, represents the details of an international sale to customs authorities.
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Pro se legal representation in the United States Pro se legal representation (/ˌproʊ ˈsiː/ or /ˌproʊ ˈseɪ/) comes from Latin, literally meaning on behalf of themselves, which basically means advocating on one's own behalf before a court, rather than being represented by a lawyer.
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prorate Pro Rata. Describing a distribution according to some proportion. For example, a salary may be stated as $120,000 per year pro rata. This means that if an employee only works for six months, his/her salary will be $60,000. Likewise, dividends are distributed pro rata, meaning that shareholders receive them according to the proportion of shares that they own.
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Definitions &Translations intent, purport, spirit(noun) the intended meaning of a communication. liveliness, life, spirit, sprightliness(noun) animation and energy in action or expression. it was a heavy play and the actors tried in vain to give life to it. heart, spirit(verb) an inclination or tendency of a certain kind.
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- Definition of pro forma balance sheet. 1  1 : a balance sheet containing imaginary accounts or figures for illustrative purposes. 2  2 : a balance sheet that gives retroactive effect to new financing, combination, or other change in the status of a business concern or concerns.
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- Definition of Ex Parte. Pronounced ex par-tay. Adjective. From, or for the benefit of, one side or party. Of, or relating to, an action in a legal proceeding brought about by one party without the participation or presence of the opposition. Origin. 1672 Medieval Latin. Fairness in Legal Proceedings
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From the 'Lectric Law Library's LexiconPro Tem, Judge PRO TEM, JUDGE. A temporary judge. A judge pro tem is not a regular judge, but someone (usually a lawyer) who is brought in to serve temporarily as a judge with the consent of the parties.Many courts use pro tem judges because there are too many cases for the regular judges to handle.RO TEM, JUDGE. A temporary judge. A judge pro tem is not a regular judge, but someone (usually a lawyer) who is brought in to serve temporarily as a judge with the consent of the parties.
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What does Pro Rata mean? Submit. · just now. Report Abuse. Pro Rata means how much you get paid for part time in proportion to the full time wage. how i usually work this out-- take the full time wage divide it by 52 (weeks in year) = take that total and divide it by 40 (average full time hours) = this gives you a hourly rate.eport Abuse. Pro rata basically means wages are in proportion to hours worked. So a wage of £12,000 FULL TIME, (full time is classed as 39 hours) so for 20 hours, pro rata of £12,000 would be approximately half-so 20 hours a week would give yearly wage of £6,000. ♥ Bekka ♥ · 9 years ago.
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pro forma pro forma. adjective as a matter of form, by course of conduct, by custom, by habit, by past practice, by trade and usage, by usage, ceremoniously, common, customary, for the sake of appearances, for the sake of form, formally, in due form, in set form, ritualistically, ritually, standard, usual.
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pro rata For example, in a rights offering, rights are distributed to stockholders on the basis of the number of shares already held by each stockholder. Thus, the pro rata distribution enables the stockholders to purchase new shares in proportion to the old shares they already own.
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Pro re nata Pro re nata. Pro re nata is a Latin phrase meaning in the circumstances or as the circumstance arises (literally for the affair born). It is commonly used in medicine to mean as needed or as the situation arises.